Start of Coverage: 25-02-2019
We raised our 2021-22 earnings estimates by 2% on average based on accelerating food inflation in all regions, especially Colombia and Poland. Hold rating reaffirmed. Price Target goes from €19.3 to €20.7 based on a DCF model with unchanged 8.5% WACC and 1% perpetuity growth rate.
Analyst: Cedric Lecasble
e-mail: cedric.lecasble@stifel.com
| Analyst | Price target | Recommendation | Date |
| Cedric Lecasble | 20.70 € | Hold | 10 Jan 2022 |
| Cedric Lecasble | 19.30 € | Hold | 29 Oct 2021 |
| Cedric Lecasble | 17.50 € | Hold | 29 Jul 2021 |
| Cedric Lecasble | 16.00 € | Hold | 30 Apr 2021 |
| Cedric Lecasble | 14.60 € | Hold | 5 Mar 2021 |
| Cedric Lecasble | 14.60 € | Hold | 31 Jul 2020 |
| Cedric Lecasble | 15.20 € | Hold | 15 May 2020 |
| Cedric Lecasble | 17.50 € | Buy | 9 Jan 2020 |
| Cedric Lecasble | 16.50 € | Buy | 10 Dec 2019 |
| Cedric Lecasble | 16.50 € | Outperform | 26 Jul 2019 |
| Cedric Lecasble | 16.00 € | Outperform | 26 Apr 2019 |
| Cedric Lecasble | 15.50 € | Outperform | 25 Feb 2019 |
The information presented refers to recommendations issued by analysts that follow the Jerónimo Martins’ share. For more information, please read the Analysts Coverage section in this website’s Terms and Conditions.